New Construction Loans in Gaston, South Carolina

A total of 29 results for new construction hard money lenders were found in Gaston, SC.
The median note amount is $294,688.
Rates on hard money loans made to Gaston borrowers average around 11.0%. The mean note issued in this city has a length of 16 months.
A typical loan issued in the city includes a 3.0 percent origination cost. 72% is the average loan-to-value for for loans in Gaston.

Loan Example 1

Pedro
is a builder who decides to purchase a land plot in Gaston, SC in order to build a tri-plex.
Along with the $280,000 price of the plot, Pedro
estimates he will need about $400,000 in construction expenses to build the house. Evergreen Funding
will loan on the project at a 65% loan to value (LTV) with a 8%, 6 month new construction loan with five origination points paid when the transaction closes. They agree not to enforce a pre-payment penalty and they will issue the construction expenses in three draws. Given this loan scenario, Pedro
will need to contribute the following: 1) $238,000 down (by the 65% LTV), 2) a $22,100 origination charge ($442,000 principle x 5%), and 3) $2,947 monthly payments.
Pedro
's intent is to sell the new house for $880,000. If he achieves this, he will pocket a total profit of $160,220 after deducting all costs ($442,000 principle, $238,000 cash down, $22,100 origination charges and $17,680 for 6 months of payments).

Loan Example 2

Lorie
is a builder in Gaston, SC. She decides to acquire a lot and build a new house. Because she does not have enough cash to pay for the total transaction, she obtains a construction hard money loan from Victory Lending Group
with the following terms:

a) A $400,000 sales price for the vacant lot, b) $350,000 in building costs, c) an 50% loan to value (LTV), d) a 12 month length, e) a 9% rate of interest, and f) a 4% origination charge.

If her achieves a $930,000 re-sell after the 12 month term, the numbers for this project will look like this:

Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $6 Billion life-to-date in total loan volume to real estate ...

Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia.
They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...

NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...

Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States.
They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...

Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States.
They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans.
They ...

LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 12 states throughout the country.
They provide commercial loans, construction loans, and fix-and-flip loans, multi-unit (5+) okay.
Their loan guidelines are flexible, including rates starting at 7.9% ...

Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country.
They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...

LendingHQ is a Charleston, SC based private lender offering loans throughout Georgia, South Carolina, and North Carolina.
They offer lending solutions for many different situations and needs, including fix and flip hard money loans, commercial loans, and ...

Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...

Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using ...

Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States.
They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties.
Their loan ...

Lima One Capital is a hard money lender based in Greenville, SC providing loans in 40 states across the US.
They offer loans for many different scenarios, including fix-and-flip hard money loans, construction loans, refinancing, and investment property ...

Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...

Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States.
They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...

Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US.
They offer lending solutions for a variety of situations and needs, including fix and flip hard ...

Straightline Funding is an Atlanta, GA based private lender. They provide loans throughout Alabama, Georgia, Illinois, North Carolina, and South Carolina. They provide bridge loans, loans for investments properties, new construction loans, cash out loans, fix and ...

Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country.
They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...

Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US.
They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...

Brisco Funding is an asset-based lender in Chappaqua, NY providing funding throughout the US.
They offer lending solutions for many different situations and needs, including construction loans, buy and hold loans, short term loans, and short term fix ...

Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States.
They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...

Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US.
They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...

Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US.
They offer long term rental property loans, fix-and-flip loans, and construction loans.
Their loan parameters are versatile, including ...

Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US.
They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...

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